10/8 S&P Breakout or Fakeout here 3446?

Discussion in 'Technical Analysis' started by KCalhoun, Oct 8, 2020.

  1. KCalhoun

    KCalhoun

    by definition it's a breakout here, it'll be interesting to see where it goes between now & election

    hot sectors = solar JKS last few weeks & pot today see CGC

    spx8oct.jpg
     
  2. S2007S

    S2007S

    Any stimulus plan and like magic historical highs come, i will also repeat it will not matter who wins the election, markets will skyrocket who ever wins. The only negative i see is a contested election, if that takes place an easy drop in the markets, however once the contested election is sorted out the markets will skyrocket. So basically no matter what the markets will skyrocket to infinity
     
    Laissez Faire likes this.
  3. @S2007S always cracks me up. In a good way. :)

    I think possibly you’re right as well. Markets will be markets regardless of who wins.
     
  4. Just like the future cost of a loaf of bread if the Fed keeps this up.

    :(